HSBC/Bass & assoc.

[stressedinmn]

Hi everyone,
Dont know if Im posting this in the right place if not I apologize.

My husband and I filed Ch. 13 7/16, My husband was a co-signor on our sons suzuki CC (that my son has had and paid for for 5 yrs) My son went to make his payment on 7/26 and his account came up saying it was up for re-evaluation when he tried to call they told him his acct was sent to Bass & Assoc. (which Ive read about them not nice stuff) But my question is can they do this?... dont know what step to take next.

Thanx

[lrprn]

But my question is can they do this?... dont know what step to take next.

First thing to do is have your son pull his credit report - he gets one a year free from http://www.annualcreditreport.com - and see how the Suzuki loan is listed on his report.

Sometimes when a co-signer files bk, the other signer (in this case, your son) also gets the bk mistakenly added to his loan account. This alerts the other creditors and sometimes they react the way this lender has.

This can be easily straightened out by disputing the bk on the credit report and getting it corrected immediately. (And btw, if your son is over 21, he has to be the one to do it.) Then go back to the lender and explain the mistake.

Now, if your son has been late with multiple payments, then the Suzuki lender may have just lost patience and turned the loan over to Bass & Ass (our fond name for this collection agency here in the forums ) However, if his payments have been on time consistently, then the likely cause is the mistaken addition of your husband's bk to your son's credit report for this loan.

[catleg]

Your son is protected by the co-debtor stay during your chapter 13 bankruptcy.
He can keep making payments as before, but the creditor cannot initiate any collection activity against him w/o getting the stay lifted.
You should probably try to figure out if the loan has been sold and whether payments should still go to the same address.
But nothing bad is going to happen right away.